Obama's Reaction to the Proposed Budweiser Deal

Democratic presidential candidate Barack Obama weighed in Monday, saying it would be a "a shame" if the iconic American brewer was acquired by a foreign company.

"I don't think we can pass a law to prevent Budweiser's shareholders -- Anheuser Busch's shareholders -- from selling their company. That's part of the free market system," Obama said.

"I do think it would be a shame if Bud is foreign owned. I think we should be able to find an American company that is interested in purchasing Anheuser Busch if in fact Anheuser Busch feels that it's necessary to sell."

Hmm. We could, in theory, pass a law preventing the sale of Budweiser to a foreign company. The question I have for Obama is, should we? The latter part of his answer hints that he thinks something along those lines would be a good idea. Or perhaps he just wants to mobilize American investors to offer more money.

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Democratic presidential candidate Barack Obama weighed in Monday, saying it would be a "a shame" if the iconic American brewer was acquired by a foreign company.

"I don't think we can pass a law to prevent Budweiser's shareholders -- Anheuser Busch's shareholders -- from selling their company. That's part of the free market system," Obama said.

"I do think it would be a shame if Bud is foreign owned. I think we should be able to find an American company that is interested in purchasing Anheuser Busch if in fact Anheuser Busch feels that it's necessary to sell."

Hmm. We could, in theory, pass a law preventing the sale of Budweiser to a foreign company. The question I have for Obama is, should we? The latter part of his answer hints that he thinks something along those lines would be a good idea. Or perhaps he just wants to mobilize American investors to offer more money.